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  1. #1 Sears to close 100 to 120 Kmart, Sears stores 
    Destroyer of Worlds Apocalypse's Avatar
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    Sears to close 100 to 120 Kmart, Sears stores.



    NEW YORK -- Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores after poor sales during the holidays, the most crucial time of year for retailers.




    The closings are the latest and most visible in a long series of moves to try to fix a retailer that has struggled with falling sales and shabby stores.



    In an internal memo today to employees, CEO and President Lou D'Ambrosio said that the retailer had not "generated the results we were seeking during the holiday."



    Sears Holdings Corp. said it has yet to determine which stores will close but said it will post on http://www.searsmedia.com when a final list is compiled. Sears would not discuss how many, if any, jobs would be cut.



    http://search.yahoo.com/r/_ylt=A0oGd..._120_kmar.html
    Last edited by Apocalypse; 12-27-2011 at 05:47 PM.
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  2. #2  
    Senior Member Apache's Avatar
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    Well, jobs "created or saved", right Jimm...erm Obama...:mad:
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    We could say they are spending like drunken sailors. That would be unfair to drunken sailors, they're spending their OWN money.
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  3. #3  
    Destroyer of Worlds Apocalypse's Avatar
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    Quote Originally Posted by Apache View Post
    Well, jobs "created or saved", right Jimm...erm Obama...:mad:
    These are not union, so they don't count.
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  4. #4  
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    I predict they will go out of business within the next 5-10 years. People prefer one stop shopping joints nowadays, like Target and Walmart. I don't do Walmart, but Target is my second home. I don't see the need to go Sears for anything other than big ticket items like appliances. Even then, I'd probaby go to Brandsmart.
    K-Mart in my area closed down years ago so I don't shop their either.
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    Senior Member namvet's Avatar
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    Tim Allen not gonna like this at all. Sears sells Binford tools :D

    I do shop at Sears and have for years. but today internet sales dominate the retail market.
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  6. #6  
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    The article I read said the decision was driven my disappointing consumer electronics sales. Not much surprise there when you consider that electronics is hidden upstairs behind vacuum cleaners in a single story mall. The mall entrance has women's clothes, the parking lot entrance has tools and lawn mowers. The store makes no sense.
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    Destroyer of Worlds Apocalypse's Avatar
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    They have released the initial list of 79 stores.

    You can view the current store closure list HERE(PDF).
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  8. #8  
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    Quote Originally Posted by Apocalypse View Post
    They have released the initial list of 79 stores.

    You can view the current store closure list HERE(PDF).
    There's a K Mart about six miles from us which is not on the list - but a WalMart just moved in across the street, so it's just a matter of time.
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